AlpInvest Partners has re-hired Neal Costello as a Managing Director of the firm’s secondary Investments team. He will also become a member of AlpInvest’s Investment Committee. Mr. Costello will be headquartered in Amsterdam and will focus on leading and overseeing European secondary investments.
Mr. Costello previously worked for AlpInvest from 2003 to 2013. He started in the New York office as an original member of AlpInvest’s secondary investments team and later moved to Hong Kong where he built and led AlpInvest’s Asian secondary investments team. Mr. Costello was most recently a Senior Principal at the Canada Pension Plan Investment Board (CPPIB) since 2013, where he was responsible for launching and leading the European Secondaries and Co-Investments platforms in London.
“We are thrilled that Neal is rejoining the AlpInvest team,” said Wouter Moerel, Head of Secondary Investments at AlpInvest. “Neal has led and built teams, across various private equity products, in each of the US, Asian and European markets, providing him with an extraordinary understanding of the global private equity market. His experience and knowledge of the secondaries market make him an excellent addition to AlpInvest.”
“AlpInvest’s track record and management team has proven it can invest successfully across all cycles and markets. I look forward to being an integral part of the firm’s continued success.” said Mr. Costello.
AlpInvest Partners, the private equity fund-of-funds arm of The Carlyle Group, is one of the largest private equity investors in the world, with approximately $45 billion of assets under management as of March 31, 2015. AlpInvest’s activities cover a range of private equity investing, including primary fund commitments, secondary purchases and co-Investments. The firm’s investments span the spectrum of private equity: buyouts, venture capital, growth capital, mezzanine, and distressed. AlpInvest Partners is based in Amsterdam with additional offices in New York, Hong Kong, and Indianapolis (www.alpinvest.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 6-15-15